Los Angeles, CA 90006,2375 W 12th Street
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Los Angeles, CA 90006,2375 W 12th Street
Los Angeles, CA 90006,2375 W 12th Street
Los Angeles, CA 90006,2375 W 12th Street
Los Angeles, CA 90006,2375 W 12th Street
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2375 W 12th Street Los Angeles, CA 90006

12,306 SqFt


UPDATED:

11/05/2024 02:12 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 12,306 sqft

Price per Sqft $207

MLS Listing ID CL24457491

HOA Y/N No

Year Built 1923

Lot Size 0.321 Acres

Acres 0.32

Property Description

We are pleased to exclusively present 2375 W 12th Street, an 11-Unit multi-family apartment located in the Koreatown neighborhood of Los Angeles California, bordering Downtown. This value-add investment opportunity offers significant upside potential in a prime Southern California rental market. Constructed in 1923, the two-story building comprises a mix of spacious units, including one studio, six one-bedroom/one-bath units, and four two-bedroom/one-bath units, totaling 12,306 rentable square feet. The property sits on a prominent 13,999 square foot corner lot and includes key amenities such as an on-site laundry facility and parking garages. With current rents over 70% below market value, this property provides investors with a significant opportunity to increase rental income. The potential to achieve a Pro Forma CAP rate of over 8.5% makes this asset particularly attractive. Additional income growth may also be realized through the potential addition of accessory dwelling units (ADUs), subject to buyer verification and city approval. Strategically located just minutes from Downtown Los Angeles and the heart of Koreatown, the property enjoys proximity to major business districts, popular retail outlets, restaurants, and grocery stores. It also benefits from excellent connectiv

Location

State CA

County Los Angeles

Area Listing

Zoning LAR4

Interior

Heating Forced Air

Fireplace No

Building

New Construction No

Others

Tax ID 5076012009


Bridge MLS
Listed by Edward Pan • Colliers International Greater Los Angel

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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2375 W 12th Street